ZAGREB (Croatia), December 30 (SeeNews) – Croatian venture capital fund Feelsgood said on Thursday it signed an agreement to invest 5.6 million kuna ($843,000/745,00 euro) in local farm management software solutions provider Agrivi.
“With this investment, Feelsgood closes a financing round which was launched last year, when South Central Ventures, European Investment Fund, Croatian Bank for Reconstruction and Development (HBOR), Fil Rouge Capital and AgriTech Hub invested in Agrivi,” Feelsgood said in a statement.
Agrivi is developing digital agriculture solutions for farms, food companies, agribusiness banks, ministries of agriculture, and other important participants in the agri-food value chain. The company operates on the global market.
Its farm management software provides real-time agronomic and economic insights throughout the entire food production process and helps businesses produce healthy, nutritious, and safe food by applying sustainable and climate-smart agricultural practices.
Feelsgood is the first Croatian venture capital fund for investments with social effect. It has an investment capital portfolio of 30 million euro ($11.3 million).
The European Investment Fund one of the largest investors in Feelsgood.
(1 euro=7.521 Croatian kuna)